Co-ownership management is a complex field that can be approached in a number of ways: voluntary self-management, autonomous management or external management by a professional. With over With over 7,500 condominium corporations in Quebec, it’s essential to understand which management model best meets the needs of condominium owners.

But what really defines a good condominium manager?? What are its advantages, and how do you choose the right one? Jessica Marcotte, co-founder of Deluxco Gestion Immobilière shares its expertise on the essential qualities of a competent condominium manager.

Why choose a condominium manager?

Many small condominiumsprefer self-management for economic reasons. However, this solution does not always guarantee long-term savings. Calling in a very experienced condominium manager can not only avoid costly mistakes, but also maximize the value of your real estate investment.

What makes a good condominium manager?

1. Versatility

Co-ownership management requires great versatility. A good manager must excel in several areas:

• Finance and accounting: management of budgets, financial statements and tax returns.
• Knowledge of the law: master current regulations to avoid disputes, particularly in the event of unpaid bills.
• Building maintenance: planning maintenance work and keeping buildings healthy.

Recent legislative changes have meant that many condominium associations find themselves overwhelmed. A manager anticipates these changes and acts accordingly.

2. A complete range of services

A manager can’t be an expert in every field, but it knows how to surround itself with the best professionals to meet the varied needs of condominium owners. Key partners include :

• Building inspectors, claims adjusters and construction professionals.
• Lawyers, notaries and insurance brokers.
• Banking institutions for project financing.

Thanks to this network, an efficient manager can reduce costs while maintaining a high level of service quality.

3. Exemplary communication

Technical skills are essential, but they must be complemented by fluid, empathetic communication.. A good manager knows how to listen and respond to the needs of co-owners, even when differences of opinion arise.
Their role? Ease tensions, propose fair solutions and maintain a harmonious living environment. This attention to human relations transforms management into a positive experience for all residents.